Wealthfront Advisers LLC Decreases Position in Yum! Brands, Inc. $YUM

Wealthfront Advisers LLC decreased its stake in Yum! Brands, Inc. (NYSE:YUM) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,834 shares of the restaurant operator’s stock after selling 4,674 shares during the quarter. Wealthfront Advisers LLC’s holdings in Yum! Brands were worth $5,162,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of YUM. Manchester Capital Management LLC increased its position in Yum! Brands by 78.0% during the first quarter. Manchester Capital Management LLC now owns 162 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Yum! Brands during the 1st quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new stake in Yum! Brands in the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Yum! Brands in the second quarter worth about $29,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Yum! Brands during the first quarter valued at approximately $32,000. Institutional investors own 82.37% of the company’s stock.

Yum! Brands Stock Performance

Yum! Brands stock opened at $141.17 on Wednesday. The business’s 50-day simple moving average is $147.00 and its two-hundred day simple moving average is $146.25. The company has a market cap of $39.18 billion, a PE ratio of 27.84, a PEG ratio of 2.14 and a beta of 0.72. Yum! Brands, Inc. has a fifty-two week low of $122.13 and a fifty-two week high of $163.30.

Yum! Brands (NYSE:YUM) last released its earnings results on Tuesday, August 5th. The restaurant operator reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Yum! Brands had a negative return on equity of 21.01% and a net margin of 18.11%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm earned $1.35 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts predict that Yum! Brands, Inc. will post 5.94 EPS for the current fiscal year.

Yum! Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $0.71 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.0%. Yum! Brands’s dividend payout ratio is presently 56.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on YUM shares. Morgan Stanley set a $165.00 price target on Yum! Brands in a report on Tuesday, October 21st. Piper Sandler increased their target price on Yum! Brands from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada initiated coverage on Yum! Brands in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $165.00 target price for the company. JPMorgan Chase & Co. cut their price target on shares of Yum! Brands from $162.00 to $160.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Yum! Brands from $160.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, August 6th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Yum! Brands has an average rating of “Hold” and an average target price of $162.82.

Insider Buying and Selling at Yum! Brands

In other news, CEO Scott Mezvinsky sold 275 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $152.59, for a total value of $41,962.25. Following the completion of the transaction, the chief executive officer owned 1,755 shares of the company’s stock, valued at $267,795.45. The trade was a 13.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David W. Gibbs sold 7,176 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $149.80, for a total value of $1,074,964.80. Following the completion of the sale, the chief executive officer owned 102,893 shares in the company, valued at $15,413,371.40. The trade was a 6.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 29,078 shares of company stock worth $4,304,785. 0.33% of the stock is currently owned by company insiders.

Yum! Brands Profile

Yum! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. The company operates through the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division segments. It also operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.